Investing.com - Financial Markets Worldwide
🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Alt Season: ETH, XLM, and ICP Tokens Skyrocket in Price

Published 05/11/2021, 04:28 AM
Updated 05/11/2021, 04:30 AM
Alt Season: ETH, XLM, and ICP Tokens Skyrocket in Price
ETH/USD
-

  • Stellar (XLM) and Ethereum (ETH) record significant gains.
  • Dfinity has listed its ICP tokens on Coinbase Pro.
The alt season rush is here once again and the crypto traders are over the moon with excitement. Stellar is experiencing some significant gains of 10.8% over the past 24 hours. In line with this, ETH has also seen some gains of over 4.5% in the past 24 hours also recording an all-time high (ATH) of $4,221.

Furthermore, Dfinity has listed its ICP tokens on Coinbase Pro. As a result, Dfinity which markets itself as an ‘internet computer’ has found itself ranked as one of the largest cryptocurrencies.

Notably, Stellar is a project created in 2014 by longtime crypto entrepreneur Jed McCaleb. In October, Stellar added support for the stablecoin USDC, part of an effort to get into dollar-backed remittances. Outstandingly, XLM is worth $0.64 at the time of writing.

I think the fact Stellar added stablecoin on- [and] off-ramps helped a lot to boost the price.

said investment manager, Constantin Kogan.

Ether, the second-largest cryptocurrency by market capitalization, is currently changing hands at $3.987 at the time of writing. In detail, Ether hit a new all-time high price on Monday at $4,221 at around 08:45 UTC (12:45 p.m. ET).

Additionally, on Monday, ether’s dominance, or its share of the total crypto market capitalization, crossed 20%. This is the first time in three years.

This article was first published on coinquora.com

Continue reading on CoinQuora

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.